4. An investor is currently evaluating the value of Ed Noel Corporation. Ed Noel corporation currently have an existing debt of Php12,500,000. The company's future free cash flow are as follows Year Free Cash Flow 1 Php 800,000 2 1,200,000 3 1,400,000 4 1,500,000 After year 4, the company is expecting its free cash flow to grow at 4% annually. Determine the value per share of the company if the weighted average costs of capital is 10%. The company currently have 500,000 common shares outstanding.